Union Pacific net rises as sales grow 13%

PadraicCassidy

NEW YORK (MarketWatch) - Union Pacific Corp.
UNP, -0.13%
reported fourth-quarter net income Thursday of $296 million, or $1.10 a share, compared with $79 million, or 30 cents a share in the year earlier period, a quarter that also contained a 58 cents a share charge. Analysts polled by Thomson First Call forecast earnings, on average, of 99 cents for the fourth quarter and revenue of $3.52 billion. The Omaha-based railroad operator said revenue rose in the three months to Dec. 31 by 13% to $3.45 billion from $3.07 billion earlier. The stock closed at $80, up 1.7%, on Wednesday.

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